Fixed Asset - Change Purchase Date

I have entered the wrong day on the purchase of a fixed asset and have run depreciation already.  Can I correct the date?

Solution

There is no simple way to change the purchase date and have the GST recalculated.

• It will be easier to sell the item, and have the depreciation get reversed, and then enter the item again.
• You will need to check that the item / asset type has been flagged to indicate no depreciation can be claimed in the year of sale

• OR you change that setting on the asset type temporarily so that the depreciation does get reversed and there is no loss or gain on the sale   
  • Sell it as at the date of purchase, then you won’t need to do journal(s) to reverse the depreciation.

• 

• Enter the item in again, with the correct purchase date